Guide Bulletin 2014-9 Announces Updates to Servicing Requirements

Foreclosures

Expedite Freddie Mac Default Legal Matters with the New York Foreclosure Inquest Program as analternative foreclosure process. Read Guide Section A66.10 for more information.

You're no longer required to refer mortgages secured by a Primary Residence to foreclosure within 5 business days after the 121st day of delinquency.

Use our revised foreclosure sale bidding guidelines for states with the right of redemption.

Freddie Mac Reimbursement System

Permitted vendors can access the Reimbursement System to submit claims on your behalf using the expense and income codes in Guide Exhibit 74.

We added 6 new income codes to improve reporting accuracy.

Read Guide Bulletin 2014-9for additional information on these updates and more - including changes to Guide Form 105, Guide Exhibit 88, and requirements for submitting your subsequent Transfer of Servicing requests.